Upper SFS (USFS) Flow Test Results A 20ft perforated interval in the Upper SFS reservoir was stimulated via a single fracture stage of 241,611 lbs proppant volume. The well was cleaned-up and flowed for 111 hours in total, of which 88 hours was under natural flow back and 23.5 hours utilising nitrogen lift. Of the 88 hours of natural flow back period included 78 hours of clean up with trace oil recovered during this time, and a period of 10.5 hours of established production. During the established production period of 10.5 hours the well produced at an average oil flow rate of 42 bopd during the natural flow back period, producing a total of 19bbls of oil. Approximately 6bbls of oil was also recovered during the clean up / non-established production period. The USFS test produced at a peak flow rate of over 70 bopd, which was an instantaneous rate calculated during flow back period via an oil tank volume measurement of 1.55 bbls over a 30 minute period. Multiple oil samples were recovered with measured oil gravities of between 39.9 to 41.4 API (representing a light crude oil).
SMD-B Flow Test Results
A 20ft perforated interval in the SMD-B reservoir was stimulated via a single fracture stage of 226,967 lbs proppant volume.
The well was cleaned-up and flowed for 84 hours in total under nitrogen lift, with 68 hours of clean up prior to the flowing of oil to surface, with the well flowing oil over 16-hour period.
The well produced at an average oil cut of 4% following initial oil to surface, with instantaneous rates observed during the 16-hour period varying as the well continued to clean up at managed fluid flow rate of 170 bbls/d with a calculated total volume during the flow back period following establishment of oil cut of 4 bbls of oil.
The SMD-B test produced at a calculated peak flow rate of 50 bopd, which was an instantaneous rate calculated during the flow back period via a measurement of observed oil cut and fluid flow rates.
Multiple oil samples were recovered with measured oil gravities of between 38.5 to 39.5 API (representing a light crude oil).
Forward Plan
Following the successful flow testing at the Hickory-1 discovery well,
The Company looks forward to updating shareholders on the post test analysis.
Contact:
Managing Director
Tel: +61 8 9485 0990
Email: investor-relations@88energy.com
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